Pompliano: "US Budget Balance Now Impossible... Weaker Dollar Will Boost Asset Prices"
Summary
- Anthony Pompliano expressed pessimism about the US achieving a balanced budget.
- He predicted that a weaker dollar would boost asset prices in the long term.
- Pompliano emphasized that Bitcoin could show relative strength in an inflationary environment.
Bitcoin (BTC) advocate and investor Anthony Pompliano has expressed pessimism about the fiscal health of the United States, predicting that asset prices could rise in the long term amid a weaker dollar.
According to Benzinga Crypto on the 22nd (local time), Pompliano stated on X (formerly Twitter), "The likelihood of the US achieving a balanced budget is now virtually 0%," adding, "The decline in the dollar's value will push up asset prices until I am buried in the ground."
He has consistently expressed trust in Bitcoin, a scarce digital asset, and maintains that Bitcoin could show relative strength in an inflationary environment.
The media noted, "These remarks came after the US Treasury conducted a $16 billion auction of 20-year bonds," adding, "Due to weak demand for the bond auction that day, long-term bond yields exceeded 5%, bond prices fell to their lowest in 19 months, and US stock markets and the dollar also fell."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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